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Cisco executives profited from partnerships

More evidence of unethical dealings among Cisco’s top executives came to the surface today, as the New York Post revealed at least 13 Cisco officials held undisclosed stakes in a Silicon Valley ventures that Cisco had ties with.

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Cisco President and CEO John Chambers, along with 12 other top executives, held stakes in Sequoia Capital Partners and other venture-capital firms, the executives all benefited when the firms sold investments to Cisco, and none of the executives disclosed their involvement with the companies in any of Cisco’s filings, the Post reported.

--Kevin Fitchard, staff writer

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© 2012 Penton Media Inc.

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